Year 2018, Volume 4, Issue 1, Pages 6 - 23 2018-03-31

Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni

Ahmed Taha Al Ajlouni [1]

87 314

This paper reports on a survey conducted in Egypt about the motives behind participating in Societies; and their perception by participants. It is also devoted to clarifying the unique nature of Societies as a premise of informal finance to manage financial aspects that bear zero interest. A random sample of participants from Helwan area in Cairo, who joined a Society for managing their financial needs, was selected. A questionnaire was used for collecting data and descriptive analysis methods were used for analyzing the study variables. The study revealed that Societies have a long history mode that has been followed in many countries. It also showed that the participants devote the majority of the Society's sum for expenditure on current essential short-term needs. A high sensitivity to Islamic Sharī’ah has been showed by the Society members. It proved that the general trend toward Societies was very positive.
Islamic finance, Crowd Funding, Microfinance, ROSCAs, Egypt, personel finance
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Primary Language en
Subjects Economics
Journal Section Articles
Authors

Author: Ahmed Taha Al Ajlouni

Dates

Publication Date: March 31, 2018

Bibtex @research article { ijisef412109, journal = {International Journal of Islamic Economics and Finance Studies}, issn = {2149-8393}, eissn = {2149-8407}, address = {Politik Ekonomik ve Sosyal Araştırmalar Merkezi}, year = {2018}, volume = {4}, pages = {6 - 23}, doi = {10.25272/j.2149-8407.2018.4.1.01}, title = {Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni}, key = {cite}, author = {Al Ajlouni, Ahmed Taha} }
APA Al Ajlouni, A . (2018). Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni. International Journal of Islamic Economics and Finance Studies, 4 (1), 6-23. DOI: 10.25272/j.2149-8407.2018.4.1.01
MLA Al Ajlouni, A . "Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni". International Journal of Islamic Economics and Finance Studies 4 (2018): 6-23 <http://dergipark.org.tr/ijisef/issue/36413/412109>
Chicago Al Ajlouni, A . "Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni". International Journal of Islamic Economics and Finance Studies 4 (2018): 6-23
RIS TY - JOUR T1 - Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni AU - Ahmed Taha Al Ajlouni Y1 - 2018 PY - 2018 N1 - doi: 10.25272/j.2149-8407.2018.4.1.01 DO - 10.25272/j.2149-8407.2018.4.1.01 T2 - International Journal of Islamic Economics and Finance Studies JF - Journal JO - JOR SP - 6 EP - 23 VL - 4 IS - 1 SN - 2149-8393-2149-8407 M3 - doi: 10.25272/j.2149-8407.2018.4.1.01 UR - https://doi.org/10.25272/j.2149-8407.2018.4.1.01 Y2 - 2019 ER -
EndNote %0 International Journal of Islamic Economics and Finance Studies Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni %A Ahmed Taha Al Ajlouni %T Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni %D 2018 %J International Journal of Islamic Economics and Finance Studies %P 2149-8393-2149-8407 %V 4 %N 1 %R doi: 10.25272/j.2149-8407.2018.4.1.01 %U 10.25272/j.2149-8407.2018.4.1.01
ISNAD Al Ajlouni, Ahmed Taha . "Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni". International Journal of Islamic Economics and Finance Studies 4 / 1 (March 2018): 6-23. https://doi.org/10.25272/j.2149-8407.2018.4.1.01
AMA Al Ajlouni A . Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni. IJISEF. 2018; 4(1): 6-23.
Vancouver Al Ajlouni A . Financial Cooperative Societies: Conceptual Framework and Evidence from Egypt Ahmed Taha Al Ajlouni. International Journal of Islamic Economics and Finance Studies. 2018; 4(1): 23-6.